Add a Foreign Customer
To set up your company to conduct
business in a foreign currency
Step 1: Add exchange gain/loss account for foreign currencies
Step 2: Set up foreign currencies
Step 3: Add foreign currency bank accounts
Step 4: Choose linked accounts for foreign currency transactions
Step 5: Link a currency to a credit card to track customer credit card sales
Step 6: Set method of pricing inventory and service items
Step 7: Add foreign prices to inventory and service items
Step 8: Add foreign vendors
Step 9: Add foreign customers
When working with foreign currencies, you cannot change the currency associated with existing customers: enter a new customer record instead.
Note: Do not select the currency when entering the invoice. Depending on whether you select a foreign customer,Sage 50 Accounting automatically uses the appropriate currency on the invoice. Therefore, you cannot assign a foreign currency to a one-time customer.
To add a foreign customer:
- Create a new customer record. How?
- In the Home window, click Customers & Sales on the navigation pane.
- In the Tasks pane, right-click the Customers icon and select Add Customer from the menu.
- Type the customer's name in the Customer box.
- Open the Options tab and select the currency to use for transactions with this customer.
- Open
the
Typically you do not have to charge sales taxes on your foreign customers' purchases. For more information, contact your local tax authority.
- Click Save and Close.